Zimbabwe capital markets ready for new mobile trading system

HARARE – Zimbabwe’s capital markets are ready for a new mobile trading system that will be unveiled this week.

Integration of local capital markets to the global trading community is expected to be the game changer for Zimbabwe’s capital markets that are in need of huge funds to sustain operations of listed firms and create value for investors or shareholders, said Finsec Chief Executive Officer, Mr Collin Tapfumaneyi on the sidelines of a pre-launch meeting of the C Trade platform.

“We are ready for it in-fact we need it because it will be of greater importance to the local business community,” he said.

Securities and Exchange Commission of Zimbabwe Chief Executive Officer, Mr Tafadzwa Chinamo said the unveiling of the platform will also send signals to the global markets that Zimbabwe is forging ahead towards opening markets to the world investment community.

“Who dares not to like such platforms that have the potential to enhance the market accessibility to several trading systems in the country,” he said.

The C Trade platform which is the first online and mobile trading system for capital markets in Africa is expected to increase markets investor participation for Zimbabwe.